Simon Hu, president of Alibaba’s public welfare group, speaking at the Alibaba Computing Conference in Hangzhou, Oct 11, 2017. Photo: Handout
Simon Hu, president of Alibaba’s public welfare group, speaking at the Alibaba Computing Conference in Hangzhou, Oct 11, 2017. Photo: Handout
Alibaba

Alibaba elaborates on how it will use its 100 billion yuan ‘common prosperity’ fund – pointing to ‘high quality growth’ for all

  • Alibaba wants to build a ‘common prosperity model’ in Zhejiang by 2025, said Simon Hu, head of Alibaba’s public welfare group
  • The plan consists of 10 initiatives including promoting investments in technology, supporting small businesses and fostering development in rural areas

Simon Hu, president of Alibaba’s public welfare group, speaking at the Alibaba Computing Conference in Hangzhou, Oct 11, 2017. Photo: Handout
Simon Hu, president of Alibaba’s public welfare group, speaking at the Alibaba Computing Conference in Hangzhou, Oct 11, 2017. Photo: Handout
READ FULL ARTICLE